September 21, 2023
Oxford Commercial Finance Debuts Purchase Order Financing
Oxford Commercial Finance has expanded its small and medium-sized business (SMB) working capital offerings. The Michigan-based lender — a subsidiary of Oxford Bank — announced Thursday (Sept. 21) it would begin offering purchase order (PO)...
September 20, 2023
Can Generative AI Reinvent Commercial Transactions?
It is a truth universally acknowledged that customers will always want more choices, not fewer. That applies to business customers, too. So it stands to reason that in the future,...
September 20, 2023
Finastra and Microsoft Team on Trade Finance
Financial software firm Finastra has launched a trade finance partnership with Microsoft. The collaboration, announced Wednesday (Sept. 20), combines Finastra’s Trade Innovation offering with a “full microservices architecture” using Microsoft Azure. “As the expectations of...
September 20, 2023
Two-Thirds of Middle Market CFOs Use Working Capital to Grow,...
There are many ways to use working capital — to buy inventory, pay suppliers or fine-tune operations. These are the strategic uses of money to help a business anticipate and...
September 19, 2023
Zil Money Integrates With Sage to Simplify Commercial Payments
Commercial payments platform Zil Money has integrated with cloud-based financial management software firm Sage Intacct. The collaboration, announced in a news release Tuesday (Sept. 19), “simplifies the financial operations of Sage Intacct users, allowing...
September 19, 2023
Cross-Border Payments Innovation Key to SMB Growth
Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much. That’s why, as more small- to...
September 19, 2023
HSBC Launches Document-Free Trade Finance Tool TradePay
Banking giant HSBC debuted a trade finance offer to help clients pay suppliers. The tool, dubbed TradePay, is an industry-first, document-free trade finance solution that lets clients instantly draw down...
September 19, 2023
Automation Clears the Path to Getting Paid on Time
The current financial and economic landscape demands that businesses improve their internal processes, including their financial management, to maximize performance. In response, companies are investing in digital technology to modernize...
September 19, 2023
Merchants Turn Fresh Eyes to Second-Look Financing to Boost Sales
Labor Day has come and gone, and the holiday season is just around the corner. But current economic and financial conditions are forcing consumers to face some tough choices about...
